Analysis of the relationship between unemployment rate and economic growth rate in Korea : Focused on regional characteristics.

2018 ◽  
Vol 21 (1) ◽  
pp. 143-164
Author(s):  
Jun Kim ◽  
◽  
Myeong Jun Kim
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Unemployment Rate ◽  
Economic Growth Rate ◽  
Regional Characteristics ◽  
The Relationship

The Impact of Defense Investment on Economic Growth in the Perspective of Time Series

2014 ◽  
Vol 5 (4) ◽  
pp. 44-58
Author(s):  
Bin Pan ◽  
Shih-Yung Wei ◽  
Xuanhua Xu ◽  
Wei-Chiang Hong
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Private Investment ◽  
Investment Risk ◽  
Demand And Supply ◽  
Economic Growth Rate ◽  
Proposed Model ◽  
Endogenous Growth Model ◽  
The Impact ◽  
The Relationship

By considering the demand and supply effects of defense investment and the uncertainty of the stochastic process of the production and defense investment, this study proposes a stochastic endogenous growth model to explore the impact of defense investment on economic growth. The results suggest that the relationship between defense investment and economic growth rate is nonlinear and obtains the optimal percentage of defense investment to maximize economic growth. Moreover, the impact of defense investment volatility on economic growth rate is subject to production and defense investment interference term's covariance and representative private investment risk preference. Finally, the empirical data are used to illustrate the applicability of the proposed model.

An Empirical Study on the Relationship Between Economic Growth and E-Commerce

2020 ◽  
pp. 71-86
Author(s):  
Asuman Koc Yurtkur ◽  
Bersu Bahtiyar
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
Growth Rate ◽  
Variance Decomposition ◽  
Response Analysis ◽  
Panel Var ◽  
Annual Data ◽  
Economic Growth Rate ◽  
Mobile Cellular ◽  
The Relationship

Electronic commerce (e-commerce) has started to become an important explanatory component of economic growth via innovations in information technology in recent years. Studies within this framework show that countries that invest more in e-commerce have reached higher growth rates. In this regard, this chapter has examined the relationship between e-commerce represented by two sub-components as fixed and mobile-cellular telephone subscriptions and economic growth for chosen countries (BRICS and Turkey) with 2000-2016 annual data by using Panel VAR, impulse response analysis, and variance decomposition. Results of the study show that economic growth and e-commerce are related. These results suggest that countries that want to increase their economic growth rate should focus on policies to increase e-commerce volume.

scholarly journals PEMODELAN INDEKS PEMBANGUNAN MANUSIA PROVINSI JAWA BARAT, JAWA TIMUR DAN JAWA TENGAH TAHUN 2019 DENGAN MENGGUNAKAN METODE REGRESI LOGISTIK ORDINAL

2021 ◽  
Vol 10 (1) ◽  
pp. 149-158
Author(s):  
Meylita Sari ◽  
Purhadi Purhadi
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Logistic Regression ◽  
Unemployment Rate ◽  
Classification Accuracy ◽  
Poverty Rate ◽  
Ordinal Logistic Regression ◽  
Predictor Variables ◽  
Clean Water ◽  
Economic Growth Rate

Ordinal logistic regression is one of the statistical methods to analyze response variables (dependents) that have an ordinal scale consisting of three or more categories. Predictor variables (independent) that can be included in the model are category or continuous data consisting of two or more  variables. Human Development Index (HDI) is an indicator of the success of human development in a region and can be categorized into medium, high and very high. Based on the further categorization, in this study would like to know more about the HDI model using the Ordinal Logistic Regression method, with predictor variables that are suspected to affect, so that it is obtained in West Java Province is influenced by variable poverty rates and clean water sources with a classification accuracy value of 77.78%, Central Java Province is influenced by variable economic growth rate based on constant price GDP, poverty rate and open unemployment rate with a classification accuracy value of 82.85%. East Java province is influenced by variable poverty rate and open unemployment rate with a classification accuracy value of 76.31%. As well as in the three provinces in Java Island is influenced by variable economic growth rate, variable poverty rate, variable clean water source with a classification accuracy value of 73%. Keywords : Ordinal Logistic Regression, HDI, Classification Accuracy

scholarly journals EFFECT OF A BUDGET DEFICIT ON INFLATION RATE IN VIETNAM

2017 ◽  
Vol 126 (5B) ◽  
pp. 117
Author(s):  
Nguyễn Thị Thùy Minh ◽  
Nguyễn Thị Thùy Dương
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Budget Deficit ◽  
Inflation Rate ◽  
Public Expenditure ◽  
The State ◽  
State Budget ◽  
Economic Growth Rate ◽  
Dialectical Relationship ◽  
The Relationship

<p>In recent years, Vietnam has achieved high economic growth rate so inflation has become a noticeable problem. The relationship between state budget deficit and inflation is a two-way dialectical relationship. However, within the limit of this article, the author only studies one-way relationship, the effect of budget deficit on inflation rate in Vietnam. Prolonged budget deficit and the remediation of the state budget deficit by different methods have affected the inflation rate on different degrees. This effect is analyzed by many approaches, both quantitative and qualitative, and includes five approaches: impact of fiscal policy inflation, impact of the state budget deficit level on inflation, impact of budget deficit funding on inflation, independence of monetary policy and its effect on inflation, effect of public expenditure on inflation.</p>

scholarly journals A Johansen Cointegration Test for the Relationship between Remittances and Economic Growth of Japan

2017 ◽  
Vol 11 (10) ◽  
pp. 137 ◽  
Author(s):  
Suwastika Naidu ◽  
Atishwar Pandaram ◽  
Anand Chand
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Migrant Workers ◽  
Developed Countries ◽  
Gdp Growth ◽  
Data Set ◽  
Economic Growth Rate ◽  
Gdp Growth Rate ◽  
The Impact ◽  
The Relationship

Remittance inflows have been a key stimulus to economic growth of many developing countries. There is scant literature available on the impact of remittance inflows and outflows on the economic growth of the large developed countries. For instance, there is little literature on the impact of remittance inflows and outflows on the economic growth rate of Japan. Hence this research objective of this paper is to investigate the relationship between ‘remittance inflows’ and ‘outflows’ on the ‘economic growth rate’ of Japan. The paper by utilizing the World Bank data set and the econometric model namely the Granger Causality Model to test and analysis the impact of remittance inflows and outflows on the economic growth rate of Japan. The findings show that in the long run, a 1% increase in remittance outflows will decrease GDP growth rate by 0.000793%. In the short run, a 1% increase in remittance outflows and inflows will decrease GDP growth rate by 0.000599% and 0.000327% respectively. The Japanese government should encourage retired Japanese workers to return to the labour market and effectively contribute to the workforce and retired workers can be re-trained so that less foreign migrant workers are needed and this will reduce remittance outflow. 

scholarly journals The Impact of Financial Hoarding on Economic Growth in China

2021 ◽  
Vol 13 (15) ◽  
pp. 8434
Author(s):  
Yizheng Fu ◽  
Zhifang Su ◽  
Qianqian Guo
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Large Scale ◽  
Fourth Quarter ◽  
Real Economy ◽  
Economic Growth Rate ◽  
Virtual Economy ◽  
Relationship Change ◽  
The Impact ◽  
The Relationship

In recent years, more and more funds circulate internally in the financial field, which is called “financial hoarding”. After calculations, the scale of China's financial hoarding was 242178 billion yuan in the first quarter of 2003 and jumped to 1801706 billion yuan in the fourth quarter of 2016, which increased by nearly 7.4 times in the past 14 years and accelerated after 2014. The phenomenon that large amounts of money deviate from the real economy to virtual economy is called “shift from real economy to virtual economy”. The large scale of financial hoarding will inevitably influence the economic growth in China. Does financial hoarding promote or inhibit the economy? Does the relationship change with the economic growth rate? To address this issue, this paper first provided theoretical analysis of the relationship between financial hoarding and economic growth. Then, it used the data of the first quarter of 2003 through the fourth quarter of 2016 in China for empirical analysis. The results revealed two facts. Firstly, the simultaneous equations model showed that financial hoarding and economic growth promote each other in the long run and financial hoarding can be conducive to economic growth. Secondly, the MS-VAR model showed that the relationship between financial hoarding and economic growth changed with the economic growth rate. In addition, financial hoarding had a positive effect on the economic growth under both medium and high economic growth regimes, but to a greater extent in high economic growth regimes.

scholarly journals Validity of Okun's law in Sri Lanka

2021 ◽  
Vol 2 (2) ◽  
pp. 118-133
Author(s):  
Perenparaj Nadeshan ◽  
Gnanachandran Gnanachandran
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Sri Lanka ◽  
Error Correction ◽  
Unemployment Rate ◽  
Gdp Growth ◽  
Okun’S Law ◽  
Correction Model ◽  
Okun's Law ◽  
The Relationship

The main goal of our research is to find out a relationship between the unemployment rate and the GDP growth rate in Sri Lanka according to Okun’s law and to know whether it can still be used as the best rule of thumb. This empirical analysis has employed the difference model, dynamic model, Error Correction Model (ECM) and Vector Error Correction Model (VECM) to validate the relationship between the unemployment rate and economic growth suggested by Okun's Law. The study is based on Quarterly data from 2004 Q1 to 2019 Q4. The results obtained through the application of varies econometric techniques such as Ordinary least square (OLS), Engel-Granger approach and cointegration procedure. The study finds that, Okun’s law is supported only by the cointegration analysis as expected by the Okun’s law in Sri Lanka. However, all other versions were reported negative Okun’s law coefficient signs while these results are not statistically significant. Overall this study is not able to found enough evidence to prove the inverse relationship between unemployment rate and economic growth rate in short run and able to found that Okun’s law can still be used as the best rule of thumb to describe the relationship between the unemployment and GDP growth in long term in Sri Lanka.

scholarly journals PENDEKATAN TEORITIS ANALISIS SUMBER-SUMBER INFLASI

2017 ◽  
pp. 1-10
Author(s):  
Jonni Manurung
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Monetary Policy ◽  
Unemployment Rate ◽  
Natural Rate ◽  
Economic Growth Rate ◽  
Expected Inflation ◽  
Traded Goods ◽  
Supply Shock ◽  
Food Inflation

The Theory Approach of Inflation Determinant Analysis has the goal to identify the sources of inflation and finding the alternative policy strategy to stabilizing the inflation. According to the inflation decomposition, the source of inflation is core or underlying inflation, noncore inflation, and noise inflation. According to the expected-augmented Phillips curve, the deviation of inflation to the expected inflation is sourced from supply shocks, the deviation of economic growth rate to the natural rate, and the deviation of unemployment rate to the natural rate. According to the dynamic monetary policy inconsistent, inflation is sourced from inflation target, the deviation of economic growth rate to natural rate, the deviation of unemployment rate to natural rate, and supply shock. According to the credibility monetary policy, inflation is sourced from expected inflation and the deviation of economic growth rate to natural rate. According to the inflation composition, the deviation of inflation to expected inflation is sourced from noncore inflation and noise inflation. So that the relation between the expected-augmented Phillips curvel, the dynamic monetary policy inconsistent, and the credibility monetary policy is show that the noncore inflation and the noise inflation determined by the deviation of economic growth rate to natural rate, the deviation of unemployment rate to natural rate, and supply shock. The conclution of this theory is show that the equilibrium in economic growth target and economic growth to natural rate, unemployment rate to natural rate is create the equilibrium in inflation and expected inflation. So the alternative policy stategy is increase in economic growth to the natural rate or decrease unemployment rate to the natural rate. From the side of inflation decomposition, increase in economic growth to the natural rate or decrease in unemployment rate to the natural rate is the same to maintaine the stabilizing in administered inflation, volatile food inflation, and traded goods inflation. From the side monetary policy, the stabilizing in volatile food inflation and traded goods inflation is created if increasing in monetary growth directed to small and medium business, because the small and medium business is absorpt more employment than the big business. From the side fiscal policy, the stabilizing in administered inflation is created if the government can eliminate the corruption in government projects. Eliminating the corruption in government projects will eliminate increase in price of strategic commodities, and it increase in social welfare.

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